Market News

Bahrain Bourse expects more IPOs, Reits listing in 2018

(The National - 12/11/2017 6:34:00 AM)

Bahrain Bourse, which had a market capitalisation of 7.4 billion dinars ($19.7 billion) as of December 10, expects two initial public offerings next year and more listings of real estate investment trust (Reits), its chief executive said. “The bourse has ...

Shares edge down on Muscat bourse

(Times of Oman - 12/11/2017 6:18:00 AM)

Shares on the Muscat bourse edged down with the MSM30 Index closing the session at 5,062.61 points, down by 0.07 per cent. The MSM Sharia Index ended at 710.34 points, down by 0.37 per cent. Phoenix Power was the most active in terms of volume as well as ...

GCC’s higher funding needs to boost sukuk issuance from the region

(Gulfnews - 12/11/2017 6:09:00 AM)

Gulf Cooperation Council (GCC) countries’ higher borrowing needs are expected drive higher sukuk issuance in the near term from the region according to rating agency Moody’s. “Large borrowing needs will continue to fuel sukuk issuance across the GCC. The ...

UAE equity indices little changed after Adnoc IPO rush

(Gulfnews - 12/11/2017 6:06:00 AM)

The UAE’s equity markets were little changed on Sunday just a few days ahead of the highly-anticipated initial public offering (IPO) of Adnoc Distribution, whose shares will start trading in Abu Dhabi on December 13. The Dubai Financial Market (DFM) ...

Mena IPO value up 20pc to $236m in Q3

(Trade Arabia - 12/11/2017 5:49:00 AM)

The value capital raised via initial public offerings (IPOs) in the Mena region reached $236.7 million in the third quarter (Q3) 2017, a 20 per cent increase on Q3 2016, according to professional services firm EY. The region witnessed five IPO deals in ...

Still holding lows, UAE market keeps investors on edge

(Gulfnews - 12/10/2017 5:39:00 AM)

Last week the Dubai Financial Market General Index (DFMGI) fell by 26.71 or 0.78 per cent to close at 3,393.46, a new weekly closing low for the current decline. Downward pressure was spread through the market with only eight issues that advanced and ...

Saudi bounces from technical support, region mostly sluggish

(Reuters - 12/7/2017 8:56:00 PM)

Most Middle Eastern stock markets were sluggish on Thursday but Saudi Arabia’s index rebounded from technical support in its heaviest trading volume since June. The Saudi index rose 0.9 percent to 7,086 points, bouncing from near strong support around ...

Muscat bourse ends marginally lower

(Times of Oman - 12/7/2017 8:02:00 AM)

The MSM30 Index retreated 0.37 per cent to end the session at 5,090.68 points. The MSM Sharia Index closed at 717.35 points, down 0.13 per cent. Galfar Engineering was the most active in terms of volume while Bank Muscat led in terms of turnover. Al Izz ...

DSI jumps in a listless Dubai bourse

(Gulfnews - 12/7/2017 6:25:00 AM)

Drake and Scull (DSI) jumped nearly 10 per cent contributing to more than 50 per cent of the total traded value, in an otherwise listless trade in Dubai. DSI closed 9.63 per cent higher at Dh2.05, with traded value of Dh248 million out of the total Dh480 ...

Real estate stocks help lift QSE to five-month high

(The Peninsula - 12/6/2017 6:09:00 AM)

Qatar stock market extended its rally for the second straight session yesterday, lifting the benchmark index by 2.24 percent or 173.83 points to finish at 7,930.38. Real estate stocks surged 6.8 percent. Ezdan broke the circuit and rose to the 10 percent ...